Thursday, August 8, 2019
Reflection Paper on case ( Nestle Infant Milk Formula ) Study
Reflection Paper on ( Nestle Infant Milk Formula ) - Case Study Example Competitors of a business are always present to replace a dying company. Company and its decisions are not only morally judged by people but there are some laws and regulations that are specially formulated to force every company abide by the rules. In case of violation, the company has to suffer not only morally but also legally. These rules and regulation run a business according to the code of business ethics. The code of business ethics helps in judging a companyââ¬â¢s decision with respect to the set of rules and standards. One can easily gauge the decisionââ¬â¢s credibility by going through the rules designed. In the chapter three of the book Business Ethics: A Global and Managerial Perspective, the author David Frtizsche defined some of the basic principles to judge the moral standards of the business decision. According to him the decisions can be judged on their moral credibility by gauging them on the principles like the Egoism and the Utilitarianism. The decisions, according to him can also be judged based on the reason behind the decisions; not the outcomes (2004). In the past years a case has been observed in the category of business ethics and the business decisions and their effects. The case produced severe impacts on the marketing strategies of the company. It also degraded the reputation of the company among the customers. The case helped in banning the company for seven years. The decision was considered as not only being morally unethical but also as being legally invalid. The Nestle Company is one of the top dairy service providing companies of the world. The company is based in Switzerland and it is working on many milk and related projects. One of the projects was the Infant Milk formula, which became a headache for the company in the later years. The infant milk formula was formulated as a substitute of the breast milk for the children. It came in powdered form and the feeding mothers were supposed to mix it with sterilized
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